⁍ Inter Pipeline Ltd said it will sell a major portion of its European bulk liquid storage business to CLH Group for 420 million pounds ($537.73 million)
The pipeline operator had halted the sale in March, stating potential buyers of the business had been significantly affected by the COVID-19 pandemic.
⁍ The sale includes all of Inter’s bulk liquid storage and handling assets in the UK, Ireland, the Netherlands and Germany.
– Canada’s Inter Pipeline has agreed to sell its bulk liquid storage business in the UK, Ireland, the Netherlands, and Germany to Spain’s CLH Group for $537.73 million, Reuters reports. The sale, which was halted in March due to the H1N1 flu pandemic, is expected to close in the fourth quarter.
Source: https://www.reuters.com/article/inter-pipeline-divestiture/inter-pipeline-to-sell-majority-of-european-bulk-liquid-unit-for-538-million-idUSL3N2GJ2BP